BasedLine

Date: 20-October-2011
KSE-100 Index
Previous Index 11,912.19
Current Index 11,640.46
Change % -2.28%
YTD (CY11) -3.18%
YTD (FY12) -6.85%
KSE-100 Index
Previous Index 22,476.17
Current Index 22,867.24
Change % -2.71%
YTD (CY11) 16.29%
YTD (FY12) 4.45%
International Indicators
 
Close
%age
BSE-30 17,085.30 2.01
HANGSENG 18,309.20 1.29
NIKKEI 225 8,772.54 0.35
FTSE 5,450.49 0.74
DJIA 11,504.60 -0.63
SSEC 2,331.23 -1.95
NASDAQ 2,604.04 -0.63
 
Close
%age
TASI 6,106.74 -0.71
KSE(Kuwait) 5,884.10 -0.22
BSE 1,147.10 -0.06
MSM 5,532.36 -0.13
ADX 2,445.85 -0.04
DFM 1,363.35 0.42
QSE 8,376.31 -0.28
Capital Market Overview

Market watch: Bourse falls on heavy selling in active session

Equities turned up the selling frenzy on Wednesday to such an extent that trading activity reached a 30-week high.The Karachi Stock Exchange’s (KSE) benchmark 100-share index dropped 2.28 per cent or 271.73 points to end at 11,640.46 point level. more... (ET)

NAVs and Returns
as of October 20, 2011
Funds Offer Redemption
POGSF
10.3145/-
10.3145/-
YTD Return
14.40%
POAIIF
53.0840/-
52.5532/-
YTD Return
15.53%
POAAAF
49.27/-
48.04/-
YTD Return
-4.91%
POIAAF
54.97/-
53.60/-
YTD Return
2.58%
POAF
10.61/-
YTD Return
11.39%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
POAAAF
3 Star
POIAAF
5 Star
  Aug -11 Sep-11
MoM (%)
AUM's (PKR bn) 225.15 223.19 -5.55%
No of AMCs 26 26 -
No of Funds 122 125 2.46
KSE Market Data
KSE Market Data
Capitalization
Volume
Traded Val.
KSE Return
 
(USD bn)
(Rs. bn)
(Sh. mn)
(Rs.bn)
(YTD)
KSE100
32.83
2,824
96.22
7.03
-3.18%
KSE30
6.68
575
64.97
6.46
-4.25%
KMI30
5.02
432
39.84
4.07
16.29%
KSE All
35.51
3,054
112.42
7.12
-3.37%
October 19 , 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
157.79
112.75
-20.83%
OGDC
15.60
135.35
135.30
-11.53%
UBL
2.00
56.60
43.37
-8.58%
LUCK
1.70
80.19
36.86
13.20%
October 19 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
69.01
-56.71
12.30
Foreign Corporates
1,907.07
-8,393.39
-6,486.30
Overseas Pakistani
659.85
-401.05
258.80
Grand Total
2,635.93
-8,851.13
-6,215.20
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
18-Oct-11
19-Oct-11
Change
Gross Buy
581.76
-37.87%
31.40
37.37%
2.33
2.64
71.03%
Gross Sell
-668.39
24.79%
-102.36
368.70%
-63.39
-8.85
615.80%
Net Buy/(Sell)
-87.69
-121.07%
-71.78
-7,005.80%
-61.06
-6.22
-2,140.07%
S.C.R.A
Country
During the Period FY12TD
18-10-2011
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
4.23
-
-
7.55
-
-
-3.32
-
-
-
Luxembourg
10.37
-
-
30.33
-
-
-19.97
0.52
0.02
0.51
Switzerland
10.84
0.21
-
15.86
0.53
-
-5.35
0.00
0.08
-0.61
UAE
1.73
0.52
-
3.00
4.18
-
-5.46
-
-
-
UK
18.34
0.16
-
51.56
0.29
-
-33.38
-
0.23
-0.23
USA
66.08
-
-
106.13
-
0.85
-40.90
1.98
0.17
1.81
Total
124.80
0.89
-
226.06
5.00
0.85
-106.78
2.51
0.79
1.19
News Clippings
Economy

Fiscal discipline: Govt reins in spending by 10% in first quarter

After taking flak for missing its deficit targets two years in a row, the government appears to have made a good start to the current fiscal year, spending Rs60 billion – or about 10.4% – less than it had allocated for the first quarter. The significant cuts to government spending include reductions in defence expenditures. more... (ET)

Pakistan emerges as second best performing market in Asia

Despite security concerns, tense relations with the US and economic slowdown, Pakistan’s stock market has managed to rank as the second best performing market in Asia after Indonesia in 2011 so far, according to a Topline Securities research note. more... (ET)

Over 15-20pc textile export orders diverted to Bangladesh, India, Sri Lanka

More than 15-20 percent textile export orders of Pakistan have been diverted to Bangladesh, India and Sri Lanka during last one year due to gas and electricity load shedding. more... (BR)

Pak may get rice export orders

Thailand’s worst floods in five decades have delayed the loading of at least 100,000 tonnes of rice for export as high waters have hindered the movement of rice barges, industry analysts and a trader said on Wednesday.Traders have said delays could affect up to 300,000 tonnes of rice, forcing buyers to seek alternative sources such as India and Pakistan. more... (TFD)

Company & Sector Update

Nishat group to enter consumer goods market

Nishat Group plans to enter consumer goods business by starting milk production this year, Chief Financial Officer Inayatullah Niazi said. more... (ET)

Corporate results: Pakistan Oilfields profits beat expectation

Pakistan Oilfields’ net profit rose 55% to Rs3.45 billion during July to September 2011 primarily on account of surge in net sales. more... (ET)

Rs.5 billion more issued for PSO

Ministry of Finance has issued Rs.5 billion more for PSO, Geo News reported.Ministry of Water and Power sources said that Rs.6 billion more would be issued for PSO within 2-3 days. more... (TN)

SBP prohibits banks from recovering service charges on cash handling

The State Bank of Pakistan (SBP) has prohibited all banks from recovery of any service charges on cash handling/sorting at the time of acceptance of cash deposits at the counters from their depositors. more... (BR)

Political

Yaseen Anwar formally appointed SBP governor

Yaseen Anwar has formally been appointed as Governor State Bank of Pakistan according to a notification issued today and may be the chosen one by the authorities, but analysts and former government officials fear he may not be the best central bank governor to fight the challenges faced by the fragile economy. more... (ET)

MQM leader accuses PML-N of supporting militants

Muttahida Qaumi Movement (MQM) leader Haider Abbas Rizvi on accused the Pakistan Muslim League – Nawaz (PML-N) of supporting banned outfits in the country. more... (ET)

Nawaz holds MQM responsible for terrorism in politics

PML-N Mian Nawaz Sharif has alleged the MQM of introducing politics of terrorism in Pakistan and also that it was involved in disturbing peace in Karachi. more... (BR)

Clinton arrives today to mend fences

United States Secretary of State Hillary Clinton is due in Islamabad today (Thursday) to mend the broken fences with Pakistani leadership, Geo News reported. more... (TN)

GCC

UAE loses a quarter of its millionaires in one year

The number of UAE's high net worth individuals (those with $1 million or more in financial assets) declined by 24.8 per cent to 41,324 in 2011 from 54,971 in 2010, according to just released second annual Global Wealth Report by Credit Suisse Research Institute. more... (Zawya)

UAE improves rank in World Bank report

The UAE improved its global ranking by two to reach 33 in World Bank's annual Doing Business ranking published on Thursday. more.. .(GN)

Development bank set up

The UAE yesterday announced the establishment of the Emirates Development Bank (EDB), with a capital of Dh10 billion, to spur economic growth, provide citizens with access to housing and set up development projects. more... (GN)

BofA Merrill Lynch Fund Manager Survey Finds Sovereign Debt Fears Easing as Investors Anticipate Greek Default

More than nine out of 10 (92 percent) of the 199 respondents to October's global survey believe that Greece cannot avoid default. Seven out of 10 respondents predict a default by April 2012. Despite this overwhelming consensus, investors are less worried about sovereign risk than a month ago and less pessimistic about global growth. more... (Zawya)

Quote of the Day:

“ In the struggle for survival, the fittest win out at the expense of their rivals because they succeed in adapting themselves best to their environment. ”

Charles Darwin

 
Economic Highlights
Economic Indicators
GDP Growth FY12E
4.20%
GDP -2011
$180 bn
Per Capita Income FY11
$1,250
Population
177.1mn
US$ Reserves (Oct 13, 2011)
$17.17 bn
Trade Balance ( July-Sep 11)
$-5.11bn
Curr. A/C (July 11- Sep 11)
$-1,209mn
Remittances (July 11- Sep 11)
$3.29bn
Foreign Investment (Jul 11-Sep 11)
$236.2mn
All Sch. Banks Deposit Base (Sep 23, 2011)
Rs757.26bn
Inflation
CPI Gen. - YoY (Sep-11) 10.46%
   
CPI Gen. - FY11 (Jul 11- Sep 11) 11.50%
   
NFNE Core INFL - YoY (Sep 11) 10.60%
   
NFNE Core INFL -FY11 (Jul 11 - Sep 11) 8.60%

Money Market

 
Price
Change
18-Oct-11
19-Oct-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
79.67
-0.48%
13.20%
13.34%
14.50
     
18-Oct-11
19-Oct-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,063.61
1,062.30
-1.31

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
11.65
11.73
11.73
11.79
Offer
12.15
11.98
11.98
12.29

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.90
11.90
11.95
11.90
11.85
11.85
Low  
11.60
11.80
11.80
11.80
11.75
11.70

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
87.40
120.70
1.13
138.40
23.85
1.78
0.60

T Bill Rates (%)
3 month
6 month
12 month
Avg.
11.92
11.90
11.95
Last Cut Off.
11.87
11.92
11.94
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
12.17
12.12
12.17
12.12
10 Y-PIB
12.22
12.19
12.23
12.19

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Pakistan
Yield
1.01
2.06
2.17
2.47
4.48
8.78
12.19
Change bps
-1.00
5.00
1.00
4.00
1.00
2.80
3.00

Commodities

     
19-OCT-11
20-OCT-11
change
WTI (USD/bbl)    
88.07
85.63
-2.77%
     
Brent (USD/bbl)    
110.89
108.30
-2.34%
     
Arab Light (USD/bbl)    
109.03
106.59
-2.24%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
94.15
92.64
1.63%
Furnace Oil (Rs/ton)
69,111.64
70,574.72
-2.07%
Cement (Rs. Bag Avg)
413.57
412.88
0.17%
Urea Fertilizer (Rs/bag)
1,730.00
1,695.00
2.06%
Gold 24cr (Rs./10gm) Khi
47,762.92
48,770.04
-3.16%
Rice IRRI -6(Rs/100kg)
3,330.00
3,407.00
-2.26%
KCA Cotton (Rs/mound)
6,300.00
6,250.00
0.80%
International
Current
Previous
Change
Coal Spot(USD/ton)
120.15
120.55
-0.33%
Gold Futures
1,623.20
1,663.00
-2.39%
Sugar 11 (USD/lb)
27.85
26.97
-3.16%
Steel (USD/ton)
682.96
696.81
-1.99%
Wheat (CBT) (USD/bu)
619.50
625.25
-0.92%
PTA (USD/ton)
1,230.00
1,185.00
3.80%
Copper (USD/ton)
7,196.75
7,436.00
-3.22%

Kindly Click here for PDF Version

(BR) Business Recorder, (D) Dawn, (N) The News, (DT) Daily Times, (FD) The Financial Daily, (KSE) Karachi Stock Exchange

Separator
Disclaimer:
This Bizz Info is being circulated for information purposes only and no action is being solicited based on it. Information and calculations presented in this news update have been generated from sources which we believe to be reliable, however we do not represent that it is accurate, complete and should be relied upon. Pak Oman Asset Management Company Ltd. does not assume any liability on it. This Bizz Info or any part of it should not be reproduced, published or distributed without prior permission.